trending Market Intelligence /marketintelligence/en/news-insights/trending/zn_LWfhSsE1U_d66qnAacg2 content esgSubNav
In This List

Big Lots profit beats consensus by 15.2% in fiscal Q1

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Big Lots profit beats consensus by 15.2% in fiscal Q1

Big Lots Inc. said its normalized net income for the fiscal first quarter ended May 3 came to 51 cents per share, compared with the S&P Capital IQ consensus estimate of 44 cents per share.

EPS fell 28.5% year over year from 71 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $29.3 million, a decline of 28.8% from $41.1 million in the prior-year period.

The normalized profit margin declined to 2.3% from 3.2% in the year-earlier period.

Total revenue grew on an annual basis to $1.28 billion from $1.27 billion, and total operating expenses increased year over year to $1.23 billion from $1.20 billion.

Reported net income decreased 22.3% year over year to $28.8 million, or 50 cents per share, from $37.0 million, or 64 cents per share.